Former Pakistani PM Nawaz Sharif meets Saudi crown prince – information minister

Pakistan's Information Minister Marriyum Aurangzeb speaks to media during a press conference in Islamabad, Pakistan, on August 18, 2022. (PID/File)
Short Url
Updated 21 April 2023
Follow

Former Pakistani PM Nawaz Sharif meets Saudi crown prince – information minister

  • Sharif’s daughter Maryam Nawaz was also present at the meeting
  • After military coup in 1999, Sharif lived in Jeddah in exile until 2007

ISLAMABAD: Former Pakistani Prime Minister Nawaz Sharif and his daughter Maryam Nawaz met Saudi Crown Prince Mohammed bin Salman, the information minister said on Friday, days after the two Pakistani politicians traveled to the kingdom to perform Umrah.

Sharif, whose brother Shehbaz Sharif is the current prime minister of Pakistan, is a three-time premier, with his second term in government, from 1997 to 1999, ending in a military coup. Under an agreement facilitated by Saudi Arabia after the coup, Sharif was placed in exile and lived in Jeddah until 2007 when he returned to Pakistan ahead of elections the following year.

Sharif would go on to become PM for a third time in 2013, though that term was also cut short by the Supreme Court which disqualified him in a graft case.

“Quaid Muhammad Nawaz Sharif met with the Prime Minister of Saudi Arabia, Crown Prince Muhammad bin Salman. Ms. Maryam Nawaz was also present in the meeting,” information minister Marriyum Aurangzeb said on Twitter.

“The leaders discussed further development of Saudi-Pak brotherly relations and solutions to the problems faced by Pakistan. Quaid Nawaz Sharif’s expression of good wishes for the Saudi leadership.”

Aurangzeb did not say when Sharif met the crown prince or which Saudi city the meeting took place in. No statement on the meeting has been released by the Saudi side.

Sharif arrived in Saudi Arabia from London on April 11 to perform Umrah.

Sharif was found guilty in a corruption reference by an accountability court in Pakistan and sent to prison for 10 years in 2018. He began his prison term but was later released on temporary bail on medical grounds.

Sharif left Pakistan in November 2019 to seek medical treatment in London. He has not returned home since.


Pakistan stock market sees 41% rise in investors in 18 months

Updated 7 sec ago
Follow

Pakistan stock market sees 41% rise in investors in 18 months

  • Pakistan’s stock market has gained momentum at start of year on broad-based institutional buying
  • The rise in the stock market reflects global investors’ confidence in the country, state media says

ISLAMABAD: The Pakistan Stock Exchange has witnessed a 41% increase in the number of investors over the past 18 months, Pakistani state broadcaster reported on Friday.

Pakistani stock market has gained momentum in recent months as broad-based institutional buying across key sectors has reinforced investor confidence even as the country continues to navigate economic reforms under international lending programs.

Around 135,000 new investors have joined the PSX over the last 18 months, the Radio Pakistan broadcaster reported.

“Pakistan’s stock market has emerged as the second-best performing market globally,” the report said. “The rise in the stock market reflects global investors’ confidence in Pakistan’s improved investment environment.”

The development came as the PSX shed a little more than 1,000 points as it closed the weekend session at 184,519 points.

The report said coordinated efforts by Pakistan’s Special Investment Facilitation Council (SIFC) have helped stabilize the country’s economy and investment market, elevating it to prominence at the global level.

“Pakistan’s macroeconomic environment has become an attractive and reliable destination for investment,” it quoted Finance Adviser Khurram Schehzad as saying.

On Wednesday, Pakistani stocks climbed to a fresh all-time high with the benchmark KSE-100 Index crossing the 186,000-point mark for the first time as potential foreign inflows upheld the positive sentiment.